EUR/SEK Down 0 Pips in Last 4 Hours, Moves Up For the 3rd Day In A Row; in a Downtrend Over Past 30 Days

EUR/SEK 4 Hour Price Update

Updated May 12, 2020 12:57 AM GMT (08:57 PM EST)

EUR/SEK, which opened the current 4 hour candle priced near 10.6728, is down 0 pips 0% since the previous 4 hours, marking NA — and the end of a 4 four-hour candle positive run. Compared to its peers in the Forex, EUR/SEK gave its buyers a return that ranked 17th in terms of percentage change since the previous 4 hours.

EUR/SEK End of Day Recap

Updated 00:30 GMT (04:30 EST)

EUR/SEK is up 13 pips (0.01%) since the previous day (opening today near 10.67249), marking the 3rd day in a row an increase has occurred. Relative to other instruments in the Forex asset class, EUR/SEK ranked 22nd the previous day in terms of percentage price change. The price chart of EUR/SEK below illustrates.

EUR/SEK Technical Analysis

Notably, the current price of EUR/SEK is sitting close to its 20, 50, 100 and 200 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. As for the alignment of the moving averages, well, it’s a bit mixed up; the 20, 50, 100, and 200 do not progress from largest to smallest, or vice versa. The closest is the 200 day average, which is 41.2 pips away. The clearest trend exists on the 30 day timeframe, which shows price moving down over that time. Interestingly, a trend in the other direction exists on the 90 day timeframe, where price is headed up. For additional context, note that price has gone up 5 out of the past 10 days.